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Infrastructure investment
10 INFRASTRUCTURE AUSTRALIA APRIL 2013
industry at large due to the funding model under which it
was delivered.
"Under the model, the private sector is responsible for
constructing, nancing, operating and maintaining the
road, in return for repayments from the government over
an agreed term. e repayments are subject to successful
ongoing operations and maintenance, ensuring that road
quality and safety remain high priorities."
e availability PPP has more commonly been used for
the delivery of social infrastructure, but is increasingly seen
as a way of raising nance for other forms of infrastructure.
is is aligning with a trend towards the development
of multibillion dollar strategic projects. Janos Baranyai,
national director for major and strategic projects at
Meinhardt, said: "[ ese large projects] are more complex
and more challenging. ey require more skillsets, they
o en transcend sectors, involve multiple stakeholders and
are o en procured and delivered very di erently. ey
require a very speci c approach."
In January, Engineers Australia released Analysing
Australia s infrastructure trends 2013 (http://goo.gl/ax1jQ), a
review that revisits its Infrastructure Report Card series that
were published in 2010. e report said: "At June 2012, there
was work yet to be completed on economic infrastructure
valued at $163.96 billion -- 2.8 times the value of economic
infrastructure work completed in 2011/12. ere was
also an astonishing $523.52 billion in total engineering
construction yet to be completed. Commencements of
total engineering construction work fell to $93.93 billion in
2011/12 (from a peak of $108 billion in 2010/11), though
this was nonetheless the third highest year on record."
A key concern raised in the report was the considerable
year-to-year variability in infrastructure activity
within states and territories, particularly in the smaller
jurisdictions. e report said that economic infrastructure
activity in Tasmania and South Australia had contracted
since the publication of the 2010 Infrastructure Report
Cards. In several jurisdictions there was at least one asset
class where little, if any, new activity has occurred.
e report noted that while the engineering workforce
had some level of mobility between sectors and regions,
most engineers sought continuous employment. e
implied concern was that without a steady ow of work,
some engineers and companies may leave the industry. is
would then make it more di cult to resource infrastructure
projects during upswings in activity.
With much work still to be done, it can only be
good news for engineering consultants who provide
infrastructure services. e market is not restricted to
Australia either. A report from the McKinsey Global
Institute and McKinsey s infrastructure practice titled
Infrastructure productivity: How to save $1 trillion a year
said the global demand for infrastructure between now and
2030, was around US$57 trillion, just to keep up with the
projected global growth.
Royal North Shore Hospital, NSW
Photographer: Brett Boardman
www.hyderconsulting.com
HYDER CONSULTING
PARTNERING FOR SUCCESS
Working in partnership with our clients
to create exceptional infrastructure.
Hyder projects:
· M80 Ring Road Upgrade, VIC
· Hunter Expressway, NSW
· Carmichael Coal Mine Off-Site
Water Supply, QLD
· Regional Rail Link Package E, VIC
· Ulan West Materials Handling, NSW
· Airport Link M7, QLD
· Westfield Sydney, NSW
Port Botany Expansion, NSW
West Gate Freeway Upgrade, VIC